Act now to invest in nature
ACT NOW TO INVEST IN NATURE
Act Now To Invest In Nature Or Face Biodiversity Collapse And Further Pandemics, Wildlife Conservation 20 tells G20
Born Free is a member of a new initiative involving 20 of the world’s leading conservation organisations, which today has issued an unprecedented and stark joint Declaration to the G20 calling for urgent action to invest in nature to protect biodiversity, avoid future pandemics and safeguard the long-term well-being and security of current and future human generations, and all life on Earth.
Will Travers OBE, Born Free’s Co-Founder and Executive President, said: “Current levels of investment in nature recovery and biodiversity protection are woefully inadequate, while harmful perverse financial incentives, which further undermine the viability of natural systems, need to be reduced and, if possible, eliminated. If G20 countries were to commit 0.5% – just half a penny in the pound – of their collective GDP to nature protection, it could raise more than $500bn annually, a transformational increase on the current situation. Such a move would give the G20 an opportunity to demonstrate global leadership, and ensure the natural world, on which we all rely, is safeguarded for the long-term well-being and security of current and future human generations, and all life on Earth.”
World leaders gathering in Riyadh this weekend have an unparalleled opportunity to build into the COVID-19 economic recovery long-lasting action to conserve planetary health and reset human interactions with nature.
While the exact source of the virus remains uncertain, scientists agree that just like HIV, ebola, SARS, bird flu, and MERS, COVID-19 is zoonotic: it jumped from animals to people, likely as a result of our increasing interaction with wildlife.
The pandemic, which has killed 1.3 million people to date and affected hundreds of millions more, stands as one of the starkest and most urgent warnings yet that our current relationship with nature is unsustainable.
Investment in nature – including ending deforestation, controlling the wildlife trade, and enhancing the livelihoods of people living in or depending on natural landscapes – is not a luxury to consider alongside pandemic recovery, the WC20 said.
Protecting biodiversity is perhaps the most important component of government recovery plans that will significantly reduce the risk of future pandemics and avoid similar or greater human, economic, and environmental harm.
The cost of these investments is a fraction of the estimated $26trn in economic damage COVID-19 has already caused. By one recent estimate, just $700bn a year would reverse the decline in biodiversity by 2030. That’s about 2.5% of the cost of the economic fallout from the current pandemic.
Much of this does not need to be new money. A significant proportion of this investment could come from redirecting existing harmful financing, for example subsidies that encourage deforestation and environmental destruction.
Investing in planetary health, including directing climate finance towards nature-based solutions, drives green growth and green jobs, and takes us a long way towards tackling the effects of climate change and meeting the goals of the Paris Agreement on climate.
With lives and livelihoods adversely affected by COVID-19 across the globe, there is public consensus and support as never before for governments to act now to re-establish a healthier relationship with nature
This is the watershed moment that prompted the formation of the Wildlife Conservation 20, or WC20, uniting 20 of the most prominent conservation NGOs at the forefront of protecting wildlife and ecosystems.
The WC20 represents the voice of this conservation community, which has come together to articulate the steps needed to seize this unprecedented opportunity.
In a joint statement, the WC20 said: “COVID-19 has been a wake-up call to everyone on this planet. Now is the time to value and invest in nature by developing sustainable nature-based economic stimulus packages that embrace a One Health approach, and address long-term planetary health, food security, poverty alleviation, climate change, and biodiversity loss, and work towards achieving the UN’s Sustainable Development Goals.
“That is why the WC20 calls on the G20 nations to implement greater investment in addressing this critical present imbalance with nature. Otherwise, the natural world, on which we all rely, will not be safeguarded for the long-term well-being and security of current and future human generations, and for all life on Earth.”
Ahead of the G20 Leaders’ Summit on 21 and 22 November in Riyadh, Born Free participated in a high-level virtual summit of senior executives from the WC20, hosted by Space for Giants and ESI Media, to agree a joint Declaration identifying priority actions for world leaders.
The WC20’s recommendations are:
- Safeguard Natural Ecosystems: Secure government support, sustainable finances, and technical expertise to effectively protect and manage natural ecosystems and wildlife so that they are valued and safeguarded, and become generators of economic wealth, thereby meeting the targets being established under the Convention on Biological Diversity.
- Policy and Implementation: Strengthen, sufficiently resource, and implement existing international and domestic legislation, and enact new legislation, to ensure that legal, sustainable, and traceable use of natural resources, including wildlife, no longer threaten human or animal health.
- Law Enforcement: Scale up financial and technical support for law enforcement in key wildlife source states, transit hubs and destination countries/territories. Adopt a collaborative, multi-disciplinary approach to help create an effective deterrent to wildlife crime.
- Support Indigenous Peoples and Local Communities: Recognise and respect the rights of IPLCs living within and/or depending on natural ecosystems, to improve human well-being, alleviate the pressures of human-wildlife coexistence, and reduce, halt, and reverse the loss of natural habitats and the associated wildlife they hold.
- Reduce Demand: Work with government authorities, stakeholders, civil society, and major influencers to inform the public about the dangers of zoonotic spillovers, and how to lower their risks. Raise public awareness about, and reduce demand for, exploited wildlife and their products.